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| Originating Department: | Risk Management |
| Company Circular No: | LCH.Clearnet Ltd Circular No 3471 |
| Service Circular No: | LME 470 |
| Date: | 19 May 2014 |
| To: | All LME Clearing Members |
LME Margin Rate Changes
LCH.Clearnet Ltd has, after consultation with LME, set the London SPAN margin parameters marked in bold and italic on the attached document.
The changes will be made effective from the close of business on Thursday 22nd May 2014 and will be reflected in margin calls on Friday 23rd May 2014.
This circular supersedes circular No: LCH.Clearnet Ltd Circular No 3453; LME/469 dated 3rd April 2014.
Details of margin rates are available on the LCH.Clearnet website (www.lchclearnet.com) under Risk Management > Ltd > Margin rate circulars.
Please click on the LME Margin Rate Spreadsheet for the revised SPAN parameters marked in bold and italic.
For further information please contact:
Operations and Client Servicing +44 (0)20 7426 7520
Nicholas Lincoln
Director, Market Risk